$875,000

MLS  

316827
1999 Walden Drive Gaylord, MI 49735
 
316827  

Cap Rate of 9.5. New 5 year lease recently signed for main floor. Average gross rents are over $119,000 per year. Possible ROI of 22%. Premiere office building in Gaylord Michigan. Gaylord is the Gateway to all of Northern Michigan. North-South, East-West arteries pass through this hub of business, and commerce. The building covers 12,456 SQFT building across the main floor and full lower level. The main floor has a nice lobby with bathroom, 21 separate offices, a common area, conference room, a kitchenette, and network wiring throughout. Mechanical room has a three boiler system. Main Distribution Facility (MDF) for your network and server equipment contains 220 AMP & 20 AMP circuits.
Price 875,000 City Limits: No Frontage: 
County: Otsego Type: Office School:
Lake/River: Road: Paved Lot Size: 1.8 acres
Sewer: Municipal Water: Acres:

Ttl Sqft: 0.00 Zoning: N/A Business Info.
Sale/Rent:  S Township: Bagley
Year Built: County: Otsego
Lake/River:  Construction: Block,Brick,Steel
 

Features:



Contact: Lakeshore Realty - 989-595-2970